Wednesday, November 10, 2010

Merck To Take The "Friendly" Credit Suisse Mic Tomorrow Morning, At 9:30 Eastern

UPDATED 10.11.2010 @ 9:00 a.m. EST: There were only two questions from non-Credit Suisse representatives -- and only four, in total. No real news whatsoever. Y A W N.

So -- I'll live-blog any real news, here:

. . . .Credit Suisse 2010 Healthcare Conference
November 10 to 12, 2010

Arizona Biltmore Hotel | Phoenix, AZ

Merck & Co., Inc. Presentation | Thursday, November 11, 2010 7:30 AM MST. . . .

I would expect mostly softball questions, as regular readers will recall that Credit Suisse was a one of the lead underwriters on the June 2009 debt offering tranches (about $4.25 billion worth, prior to paying underwriting fees and discounts). The firm's old CSFB capital markets affilate was one of two book-runners (i.e., made "lions' share" fees -- for selling bonds that require virtually no effort to place -- most institutions need to hold "A-rated" paper, and that is what Merck's is) on those deals.

So -- as I say -- it is likely to feature almost no pointed lines of questioning. We'll see.

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